Which of the Following Would Be Considered an Implicit Cost

question 193

Multiple Choice

Which of the following would be considered an implicit cost of operating a business?

• A)advertising expenses
• B)wages paid to workers
• C)a normal rate of return for investors
• D)any explicit cost

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Definitions:

Supplement

A product taken orally that contains one or more ingredients (such as vitamins or amino acids) that are intended to supplement one's diet and are not considered food.

Neural Tube Defects

Birth defects of the brain, spine, or spinal cord that occur when the neural tube does not close completely during early fetal development.

Convulsant Disorders

Neurological conditions that are characterized by the occurrence of seizures or convulsions.

Preconception Counseling

Professional guidance provided to individuals or couples about improving their health in anticipation of conceiving a child.